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Idaho company officials appeal fraud convictions

Idaho company officials appeal fraud convictions

By Associated Press. CREATED Sep 5, 2014

BOISE, Idaho (AP) -- Four officials at a failed southwest Idaho property management company convicted of fraud for bilking investors out of billions of dollars have filed appeals.

The Idaho Statesman reported  the appeals filed earlier this week in the 9th U.S. Circuit Court of Appeals seek to have the convictions overturned.

A federal jury in April convicted DBSI company President Douglas Swenson of 44 counts of security fraud and 34 counts of wire fraud.

Company secretaries Jeremy Swenson and David Swenson, sons of Douglas Swenson, were convicted of 44 counts of security fraud. Company attorney Mark Ellison was also convicted of 44 counts of security fraud.

Douglas Swenson received a 20-year sentence last month.

Ellison received a five-year sentence, and Jeremy Swenson and David Swenson were sentenced to three years each.